This article has been written with an objective to consolidate all the relevant legal provisions relating to job work for educational purposes.
Amount towards the value of supply along with tax payable thereon is not paid to the supplier within 180 days from the date of issue of invoice, an amount equivalent to input tax credit availed shall be reversed in the manner prescribed under Rule 37 of the CGST Rules.
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)